Part 4/8:
In a striking development, Donald Trump has sought to leverage the political turmoil by pushing for the elimination of the debt ceiling altogether, suggesting an extension to 2029. This shift indicates his intent to take control of federal spending parameters, something that could have far-reaching implications as he assumes the presidency in January.
Current Treasury Secretary and outgoing officials have signaled that any modifications to the debt ceiling will require careful negotiation with both parties—a request likely to clash with Trump’s more aggressive demand for a permanent solution.